Cameron, Barron County, Wisconsin Property Taxes
The median property tax rate in Cameron, WI is 1.16%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cameron at $203,500, the typical annual property tax bill reaches $2,424, slightly below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cameron or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, Barron County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,361
$2,191
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cameron, Barron County, Wisconsin
Property taxes in Cameron, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 1.16%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cameron's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54822 zip code has the highest median property tax rate of 1.16%, while the 54822 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
1.16%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54822 | 1.03% | 1.08% | 1.16% | 1.31% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Barron County, Wisconsin
In Cameron, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Barron County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cameron, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cameron is $2,424 in zip code 54822, while the lowest median tax bill is also $2,424 in the same zip code.
Property Tax Assessment Values Across Cameron, Barron County, Wisconsin
Source: Ownwell
$116,900
$164,725
$212,550
Average Cameron Assessed Value
$203,500
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54822 | $76,080 | $137,950 | $203,500 | $284,400 | $373,240 |
Source: Ownwell
Property Tax Bills Across Cameron, Barron County, Wisconsin
In Cameron, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Homeowners in Cameron can expect property tax bills to vary significantly depending on their home's value. For instance, the median home price in Cameron is $203,500, which serves as a baseline for calculating property taxes. The local tax rate is applied to the assessed value to determine the annual tax bill. In Barron County, where Cameron is located, property tax bills range widely. At the 25th percentile, homeowners might pay around $1,643 annually, while those at the 75th percentile may see bills as high as $3,449. The top 10% of property tax bills can reach up to $4,478. Compared to the national median property tax rate of 0.99%, Cameron's property tax bills highlight the regional differences and underscore the importance of understanding local tax assessments for homeowners.
Average Cameron Tax Bill
$2,424
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54822 | $840 | $1,643 | $2,424 | $3,449 | $4,478 |
Source: Ownwell